US Crude Keeps Gains Intact Amid Larger-Than-Expected Supply Build
Crude oil futures kept their midweek gains intact despite a larger-than-expected build in US inventories. The energy commodity has been trending higher this week as…
Posts Tagged: Red Sea
WTI Crude Oil Price Analysis for February 6, 2024
WTI crude oil is trending lower on its hourly time frame, with a falling trend line connecting the lower highs since late January. Price looks…
Natural Gas (NATGAS/USD) Price Technical Analysis for February 6, 2024
Natural gas is still consolidating inside its short-term wedge formation as it closes in on a long-term support zone visible on the daily chart. Price…
WTI Crude Oil Price Analysis for January 31, 2024
WTI crude oil fell through support at its rising trend line on the hourly time frame to signal that a reversal from the uptrend is…
Oil Prices Turn Higher at End of Session As Investors Monitor Short-Term Trends
Crude oil futures erased their losses in the middle of the holiday-shortened trading week as investors monitor a wide range of developments, from production volumes…
Gold Enjoys Best Single Session Since December on Red Sea Attacks, Higher Inflation
Gold futures recorded their biggest single session since the middle of December on Friday, fueled by fears of wider tensions in the Middle East. The…
Oil Rally Loses Steam As Red Sea Conflict Leads to Uncertainty
US crude oil futures rallied to close out the trading week, although the meteoric ascent faded toward the end of the session. The jump was…
Crude Oil Erases Gains Despite Massive US Supply Drawdown, Middle East Chaos
Crude oil futures erased their intraday gains toward the end of the holiday-shortened trading week despite bullish developments that would typically support prices. US crude…